中钢协：吨钢可比能耗同比下降0.6%

Core Insights - The steel industry is facing challenges of strong supply and weak demand, but has managed to improve economic efficiency and environmental standards through self-discipline and production adjustments [1][2] Financial Performance - In the first half of 2025, the cumulative operating revenue of key steel enterprises was 299.85 billion yuan, a year-on-year decrease of 5.79% - Operating costs were 280.55 billion yuan, down 6.83% year-on-year - Total profit reached 59.2 billion yuan, showing a significant year-on-year increase of 63.26% - The average profit margin was 1.97%, up by 0.83 percentage points year-on-year [1] Industry Adjustments - The steel industry has implemented self-discipline to stabilize production, resulting in a steady yet declining crude steel output and improved economic benefits - The industry has maintained low steel inventory levels, balanced supply and demand, and kept steel prices relatively stable, which has led to a decrease in raw material demand and a shift in cost focus [1] Environmental Initiatives - In the first half of 2025, energy-saving and environmental protection investments accounted for 28.9% of total investments, an increase of 4.3 percentage points year-on-year - Total energy consumption decreased by 1.5% year-on-year, while comparable energy consumption per ton of steel fell by 0.6% - As of June 30, 193 steel enterprises completed or partially completed ultra-low emission transformations, with 144 enterprises fully completing the transformation involving a crude steel capacity of approximately 598 million tons [1] Future Outlook - The steel industry is entering a deep adjustment period focused on high-quality development and new production capabilities, facing significant transformation tasks and risks - The industry aims to strengthen bottom-line thinking, prepare adequate plans, and actively respond to challenges while promoting stable and healthy development [2]